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WHO's Tedros: Hoping to launch big initiative this week to accelerate R&D of vaccines

"We hope to launch a big initiative this week to accelerate research and development of vaccines and design a mechanism for equitable distribution," World Health Organization (WHO) chief Tedros Adhanom Ghebreyesus said on Monday, per Reuters. 

Additional takeaways from WHO officials

"Large numbers of unrecognised transmission may be missed currently, but we need to see the results of serological studies in coming weeks."

"Further study needed on what causes some people to have a higher dose of exposure or more severe infection."

"Lockdowns in many situations are proving effective in dampening the flames in those countries."

"Lockdowns can only be exited step by step, looking at data and combining with public health measures."

Market sentiment

Risk-on flows continue to dominate the financial markets on Monday. As of writing, Wall Street's three main indexes were up between 5.5% and 5.4%.

Coronavirus update Italy: Confirmed cases increased by 3,599 to 132,547

The latest data published by Italy's Civil Protection Agency revealed that the total number of confirmed cases in the country rose by 3,599 to 132,547
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Silver Price Analysis: XAG/USD climbs to multi-week highs, closes in on $15/oz

After falling to 14.25 earlier in the day, the XAG/USD pair gained traction supported by the 20-day SMA. The upbeat market mood on slight improvements
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